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Retired at 52, out 5 years now
Old 12-18-2007, 03:44 PM   #1
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Retired at 52, out 5 years now

I retired five years ago after 29 years in law enforcement. The retirement plan I'm under they stopped offering in 1978 when some fool accountant/actuary took a look at the numbers and fainted.

We have 100% COLAS! I don't think they "make those anymore".

Medical & prescription coverage for life for 30% of the premium (when working I paid 20%). That becomes secondary to Medicare at 65.

Zero debt, own the house, and a comfortable amount in savings/deferred compensation accounts. Not wealthy by a long shot but I'm pretty sure we'll never be eating Alpo.

First year was like being on vacation - moved to a less congested area, the panhandle of West Virginia. Then got bored, didn't want to commit to a job, helped a friend build an airplane. Started looking for a part-time job but nothing looked interesting - I am NOT working retail, did that in college and hated it. So I bought a boat and went fishing.

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Old 12-18-2007, 04:33 PM   #2
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Congrats and welcome - I'm 52 and only out 1.5 years. I think you'll like the fishing here.

Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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Old 12-18-2007, 05:46 PM   #3
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Walt34, congratulations on your ER. Your insurance is unheard of by today's standards and having your home paid off is a plus. Like Dex, I've been out only 1.5 years. I am now 56. Welcome to the forum!
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Old 12-18-2007, 07:10 PM   #4
Recycles dryer sheets
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Welcome to the forums, Walt34. With your generous pension and retirement benefits, you've got it made. Stick around and enjoy the banter.
Retired in 2001 at age 49.
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Old 12-18-2007, 07:25 PM   #5
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Hi all,

I'm 52 and am taking early retirement in just two weeks. I've done all the math and feel our plan is solid. After working for over 30 years, however, this is a rather daunting step to take. I'm glad to hear from some folks who took the plunge and are happy to have done so!
I purr therefore I am.
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Old 12-18-2007, 08:16 PM   #6
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Welcome. I've got 18 months to go. Look forward to reading your experiences!

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Old 12-21-2007, 01:39 PM   #7
Dryer sheet wannabe
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Congrats from here, too, hopefully I'll be following in those steps soon, looking forward to relaxing and practicing my guitar licks.

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